Agent Solvency Regulations

House Bill 4338 was passed into law in 2009 in response to the economic downturn, particularly among title companies. HB 4338 laid out the framework for several new requirements, including new inception dates for title plants, enhanced educational requirements and mandatory minimum capitalization for title agents. The Texas Department of Insurance (TDI) did not adopt rules in response to HB 4338 due to concerns about agents' ability to obtain a bond to meet minimum capitalization requirements. Therefore, in the 82nd Legislative Session in 2011, HB 2604 was passed to establish a deposit plan as a means to meet the solvency requirements established in HB 4338. 

TDI held a Rule Hearing in early 2012 to put rules in place for these new requirements, and you can read more about that hearing here. Read more specific information below.

News

TLTA coverage and more information about this issue. 

TLTA Commissioner Signs Rule Order Addressing 71 Agenda Items
10/15/2013
Breaking News
Texas Department of Insurance Issues Rule Proposal
04/10/2012
Breaking News
Commissioner Issues Order on Withdrawn and Disapproved Agenda Items
03/22/2012
Breaking News
02/29/2012
Dateline Austin
02/22/2012
Dateline Austin
06/01/2011
Legislative Report
07/16/2010
Dateline Austin

Reference

Additional information and resources about this issue, including rules, forms, websites or other documents.

Legislation

Additional Resources